Saturday 17 October 2026
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Telos Corporation
TLS Technology Software Infrastructure
Telos Corporation’s revenue for fiscal 2025 (year ended December 2025) was $164.8 million, up 52.2% from fiscal 2024. In the quarter to June 2026, revenue grew 32.7%, EPS grew 107.7%, free cash flow grew 43.0% and total debt fell 31.8%, each against the same quarter a year earlier.
4.03
0.24
−5.62%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 3 | 4 | 4 | 5 | — | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 178.08 | 367.57 | 367.57 | 367.57 | 367.57 |
Altman Z-Score |
2.17 | 1.89 | 1.85 | 2.54 | 9.38 | 15.10 | — | — | — | — |
P/S ratio |
2.26 | 2.27 | 1.94 | 1.62 | 4.22 | 7.63 | 4.36 | 4.36 | 4.36 | 4.36 |
Altman Z″-Score (non-manufacturers) |
(5.40) | (1.95) | 0.94 | 1.34 | 3.02 | 3.57 | (6.09) | — | — | (8.53) |
P/FCF ratio |
17.48 | 0.00 | 0.00 | 125.63 | 0.00 | 0.00 | 54.47 | 54.47 | 54.47 | 54.47 |
Beneish M-Score |
(4.97) | (3.43) | (3.43) | (4.06) | (2.68) | (2.18) | — | — | — | — |
P/Operating CF |
46.58 | (23.36) | 56.90 | (97.13) | (430.94) | (97.67) | 71.18 | 71.18 | 71.18 | 71.18 |
P/B ratio |
3.87 | 1.93 | 1.77 | 2.03 | 5.68 | 10.81 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
5.93 | 3.12 | 2.78 | 3.00 | 7.15 | 13.11 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.07 | 1.99 | 1.44 | 1.20 | 3.82 | 7.22 | 4.49 | 4.49 | 4.49 | 4.49 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 195.92 | 47.43 | 47.43 | 47.43 | 47.43 |
EV/Operating CF |
11.30 | (8.32) | 131.73 | 15.72 | 127.61 | (617.17) | 42.07 | 42.07 | 42.07 | 42.07 |
EV/FCF |
16.04 | (5.43) | (15.05) | 92.98 | (156.88) | (135.76) | 56.15 | 56.15 | 56.15 | 56.15 |
Quick Ratio |
1.91 | 3.33 | 3.31 | 3.50 | 3.66 | 3.52 | 0.93 | 0.89 | 0.54 | 0.59 |
Current Ratio |
2.57 | 4.13 | 3.57 | 3.69 | 3.76 | 3.70 | 1.08 | 1.05 | 0.87 | 0.74 |
Net Debt/EBITDA |
3.54 | 1.07 | 2.87 | 2.25 | 3.17 | (13.84) | 2.69 | 13.54 | 67.56 | 30.36 |
Debt/Assets |
4.01% | 4.83% | 4.56% | 4.74% | 5.22% | 7.78% | 44.92% | 0.00% | 0.00% | 252.93% |
Debt/Equity |
0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.11 | (0.26) | 0.00 | (1.19) | (1.16) |
Asset Turnover |
1.11 | 0.59 | 0.65 | 0.90 | 1.13 | 1.38 | 2.31 | 0.00 | 3.57 | 1.93 |
Operating CF/Net income |
(0.83) | 0.49 | (0.05) | (0.31) | (0.17) | (1.25) | (1.85) | (3.82) | 0.10 | (1.93) |
Capex/Depreciation |
(0.34) | (1.15) | (1.72) | (2.33) | (2.34) | (1.18) | (1.20) | (1.28) | 0.00 | 0.00 |
Interest Coverage |
(72.12) | (86.76) | (51.29) | (61.61) | (53.36) | 0.04 | 0.67 | 1.24 | 0.12 | 0.77 |
| (32.76%) | (36.71%) | (20.78%) | (30.30%) | (28.07%) | (35.45%) | 4.72% | 1.21% | 4.33% | 5.33% | |
| (24.52%) | (28.63%) | (15.43%) | (22.10%) | (20.07%) | 1.29% | (9.27%) | 0.00% | (19.31%) | (10.24%) | |
ROIC |
(51.52%) | (43.54%) | (36.38%) | (52.34%) | (38.95%) | 0.52% | 0.00% | 3.40% | 0.00% | 0.00% |
Return on Tangible Assets |
(60.21%) | (71.39%) | (33.02%) | (41.99%) | (29.37%) | 1.40% | (28.44%) | (8.49%) | (57.20%) | (98.36%) |
Average Days of Receivables |
37.65 | 64.63 | 76.39 | 67.43 | 90.10 | 62.71 | 64.06 | 91.35 | 83.08 | 51.66 |
Research and Development Expense of Revenue |
4.28% | 7.80% | 8.09% | 7.80% | 7.88% | 7.92% | 6.69% | 6.34% | 2.97% | 1.93% |
Selling, General and Administrative Expense of Revenue |
47.89% | 69.72% | 55.72% | 53.47% | 44.71% | 26.61% | 23.03% | 25.57% | 34.30% | 28.72% |
Intangible Assets out of Total Assets |
0.24 | 0.31 | 0.28 | 0.23 | 0.15 | 0.12 | 0.19 | 0.00 | 0.00 | 0.25 |
Share Based Compensation of Revenue |
18.29% | 19.78% | 16.78% | 29.81% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.14 | 0.25 | 0.32 | 0.29 | 0.12 | 0.06 | (0.22) | (0.22) | (0.22) | (0.22) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.57 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(9.80%) | (21.35%) | (12.29%) | (13.87%) | (4.35%) | 0.56% | 0.27% | 0.27% | 0.27% | 0.27% |
Free Cash Flow Yield |
5.72% | (16.15%) | (4.93%) | 0.80% | (0.58%) | (0.70%) | 1.84% | 1.84% | 1.84% | 1.84% |
Revenue per Share |
2.26 | 1.51 | 2.10 | 3.21 | 3.65 | 4.32 | 4.22 | 3.75 | 1.67 | 2.08 |
Operating CF per Share |
0.41 | (0.36) | 0.02 | 0.24 | 0.11 | (0.05) | 0.31 | 0.17 | (0.01) | 0.21 |
Capex per Share |
(0.12) | (0.19) | (0.22) | (0.20) | (0.20) | (0.18) | (0.17) | (0.11) | 0.00 | 0.00 |
Free Cash Flow per Share |
0.29 | (0.55) | (0.20) | 0.04 | (0.09) | (0.23) | 0.14 | 0.06 | (0.01) | 0.21 |
Cash per Share |
0.73 | 0.76 | 1.43 | 1.77 | 1.91 | 2.55 | 0.18 | 0.00 | 0.01 | 0.01 |
Shareholders Equity per Share |
1.32 | 1.77 | 2.30 | 2.55 | 2.72 | 3.05 | (3.62) | 0.00 | (2.12) | (2.04) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.32 | 1.77 | 2.30 | 2.55 | 2.72 | 3.05 | (3.62) | 0.00 | (2.12) | (2.04) |
Free Cash Flow |
21.27 | (39.69) | (13.89) | 2.79 | (5.91) | (9.56) | 5.28 | 2.15 | (0.59) | 13.86 |
Working Capital |
57.63 | 69.28 | 100.79 | 122.46 | 140.77 | 105.17 | 2.94 | 1.89 | (6.15) | (8.82) |
Capital Expenditures |
(8.91) | (13.76) | (15.48) | (13.72) | (13.17) | (7.46) | (6.53) | (4.11) | (2.23) | (0.62) |
Net Current Asset Value |
50.50 | 60.32 | 90.30 | 102.92 | 125.89 | 87.40 | (174.07) | 40.99 | (175.64) | (165.56) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,372.15 | 52.10 | 52.10 | 52.10 | 52.10 |
Capex to Sales |
0.05 | 0.13 | 0.11 | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,624.08 | 50.54 | 50.54 | 50.54 | 50.54 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
8.61 | 2.79 | 2.61 | 1.23 | 0.92 | 0.42 | 0.28 | 0.19 | 0.12 | 0.18 |
Cash ROIC |
13.74% | (20.96%) | (5.19%) | 0.92% | (1.85%) | (3.87%) | (5.56%) | 1.30% | (2.17%) | 65.28% |
Accounts Receivable Turnover |
9.11 | 4.37 | 4.12 | 4.34 | 5.34 | 6.11 | 5.10 | 4.67 | 4.94 | 6.19 |
Accounts Payable Turnover |
39.61 | 9.91 | 5.09 | 4.83 | 5.64 | 6.54 | 6.38 | 5.02 | 4.88 | 6.65 |
Inventory Turnover |
0.00 | 46.11 | 43.02 | 66.85 | 68.63 | 44.54 | 33.64 | 9.49 | 7.87 | 10.71 |
Average Days of Payables |
14.37 | 5.70 | 54.29 | 59.71 | 80.62 | 64.92 | 51.40 | 79.39 | 83.66 | 48.38 |
Days of Inventory on Hand |
0.00 | 8.81 | 5.61 | 7.62 | 2.91 | 10.29 | 6.71 | 18.86 | 73.48 | 14.18 |
Average Receivables |
18.09 | 24.80 | 35.25 | 49.96 | 45.38 | 29.43 | 31.24 | 29.53 | 21.80 | 21.80 |
Average Payables |
2.62 | 7.45 | 18.15 | 28.55 | 27.72 | 17.97 | 16.76 | 16.94 | 13.76 | 13.76 |
Average Inventory |
— | 1.60 | 2.15 | 2.06 | 2.28 | 2.64 | 3.18 | 8.95 | 8.54 | 8.54 |
Average Assets |
149.05 | 183.47 | 223.05 | 241.74 | 214.95 | 130.75 | 69.05 | 0.00 | 30.20 | 70.04 |
Average Common Equity |
111.54 | 143.07 | 165.68 | 176.30 | 153.68 | (4.76) | (135.67) | (135.84) | (134.58) | (134.58) |
Columns are period end dates